BB&T Securities LLC Has $903,000 Stake in Ellington Financial LLC (EFC)

BB&T Securities LLC raised its holdings in Ellington Financial LLC (NYSE:EFC) by 21.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,249 shares of the financial services provider’s stock after buying an additional 10,107 shares during the period. BB&T Securities LLC owned about 0.18% of Ellington Financial worth $903,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Tahithromos L.L.C. raised its stake in Ellington Financial by 0.3% in the second quarter. Tahithromos L.L.C. now owns 121,645 shares of the financial services provider’s stock valued at $1,972,000 after buying an additional 400 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Ellington Financial by 0.7% during the second quarter. Mutual of America Capital Management LLC now owns 418,209 shares of the financial services provider’s stock worth $6,779,000 after purchasing an additional 2,993 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Ellington Financial during the second quarter worth about $216,000. Russell Investments Group Ltd. purchased a new position in shares of Ellington Financial during the second quarter worth about $219,000. Finally, GSA Capital Partners LLP lifted its position in shares of Ellington Financial by 43.7% during the 2nd quarter. GSA Capital Partners LLP now owns 56,000 shares of the financial services provider’s stock valued at $908,000 after acquiring an additional 17,019 shares during the period. Institutional investors own 45.84% of the company’s stock.

Several analysts have commented on the stock. BidaskClub raised shares of Ellington Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of Ellington Financial in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of Ellington Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, B. Riley cut shares of Ellington Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.50 to $16.00 in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.42.

Shares of Ellington Financial LLC (EFC) opened at $14.94 on Friday. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 1.91. The stock has a market cap of $476.04, a price-to-earnings ratio of 13.09 and a beta of 0.41. Ellington Financial LLC has a 12-month low of $14.76 and a 12-month high of $17.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date is Thursday, November 30th. Ellington Financial’s payout ratio is 188.51%.

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About Ellington Financial

Institutional Ownership by Quarter for Ellington Financial (NYSE:EFC)

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